Common use of Required Delay in Payment to Key Employees Clause in Contracts

Required Delay in Payment to Key Employees. Except as otherwise provided in this Section 9.6, a distribution made because of Separation from Service (or Retirement, if applicable) to a Participant who is a Key Employee as of the date of his Separation from Service (or Retirement, if applicable) shall not occur before the date which is six months after the Separation from Service (or Retirement, if applicable).

Appears in 4 contracts

Samples: Adoption Agreement (Delphi Corp), Special Effective (King Pharmaceuticals Inc), Adoption Agreement (Delphi Corp)

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Required Delay in Payment to Key Employees. Except as otherwise provided in this Section 9.6, a distribution made because on account of Separation from Service (or Retirement, if applicable) to a Participant who is a Key Employee as of the date of his Separation from Service (or Retirement, if applicable) shall not occur be made before the date which is six months after the Separation from Service (or Retirement, if applicable).

Appears in 2 contracts

Samples: Adoption Agreement (BMC Software Inc), Del Monte Foods Co

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Required Delay in Payment to Key Employees. Except as otherwise provided in this Section 9.69.8, a distribution made because on account of Separation from Service (or Retirement, if applicable) to a Participant who is a Key Employee as of the date of his Separation from Service (or Retirement, if applicable) shall not occur be made before the date which is six months after the Separation from Service (or Retirement, if applicable).

Appears in 1 contract

Samples: Amylin Pharmaceuticals Inc

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